-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FSYMn6qQeN1at2UDSLjiTakKJCaN/gR/W1vFMCiAtdr7TbZaBzdPqNVt+l2Es8zO ob4P39VRM/EfaWuxJxcXEQ== 0001193125-08-016758.txt : 20080131 0001193125-08-016758.hdr.sgml : 20080131 20080131142322 ACCESSION NUMBER: 0001193125-08-016758 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080131 DATE AS OF CHANGE: 20080131 GROUP MEMBERS: QVT ASSOCIATES GP LLC GROUP MEMBERS: QVT FINANCIAL GP LLC GROUP MEMBERS: QVT FUND LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ChinaGrowth North Acquisition CORP CENTRAL INDEX KEY: 0001363613 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82424 FILM NUMBER: 08564029 BUSINESS ADDRESS: STREET 1: 1818 CANGGONG ROAD, FENGXIAN STREET 2: SHANGHAI CHEMICAL INDUSTRY PARK CITY: SHANGHAI STATE: F4 ZIP: 201417 BUSINESS PHONE: 201-996-1955 MAIL ADDRESS: STREET 1: 1818 CANGGONG ROAD, FENGXIAN STREET 2: SHANGHAI CHEMICAL INDUSTRY PARK CITY: SHANGHAI STATE: F4 ZIP: 201417 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: QVT Financial LP CENTRAL INDEX KEY: 0001290162 IRS NUMBER: 113694008 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1177 AVENUE OF THE AMERICAS STREET 2: 9TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-705-8800 MAIL ADDRESS: STREET 1: 1177 AVENUE OF THE AMERICAS STREET 2: 9TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 SC 13G/A 1 dsc13ga.htm AMENDMENT NO. 2 TO SCHEDULE 13G Amendment No. 2 to Schedule 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

 

 

Chinagrowth North Acquisition Corp.

(Name of Issuer)

 

 

Ordinary Shares, $0.001 par value per share

(Title of Class of Securities)

 

 

G21116119

(CUSIP Number)

 

 

December 31, 2007

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

 

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

Page 1 of 9


CUSIP No. G21116119

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

            QVT Financial LP

            11-3694008

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  x

   
  3.  

SEC Use Only

 

   
  4.  

Citizenship or Place of Organization

 

            Delaware

   

 

Number of  

Shares  

Beneficially  

Owned by  

Each  

Reporting  

Person  

With:  

 

 

  5.    Sole Voting Power

 

            0

 

  6.    Shared Voting Power

 

            488,165

 

  7.    Sole Dispositive Power

 

            0

 

  8.    Shared Dispositive Power

 

            488,165

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            488,165

   
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

 

 

 

¨

11.  

Percent of Class Represented by Amount in Row (9)

 

            7.98%

   
12.  

Type of Reporting Person (See Instructions)

 

            PN

   

 

Page 2 of 9


CUSIP No. G21116119

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

            QVT Financial GP LLC

            11-3694007

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  x

   
  3.  

SEC Use Only

 

   
  4.  

Citizenship or Place of Organization

 

            Delaware

   

 

Number of  

Shares  

Beneficially  

Owned by  

Each  

Reporting  

Person  

With:  

 

 

  5.    Sole Voting Power

 

            0

 

  6.    Shared Voting Power

 

            488,165

 

  7.    Sole Dispositive Power

 

            0

 

  8.    Shared Dispositive Power

 

            488,165

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            488,165

   
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

 

 

 

¨

11.  

Percent of Class Represented by Amount in Row (9)

 

            7.98%

   
12.  

Type of Reporting Person (See Instructions)

 

            OO

   

 

Page 3 of 9


CUSIP No. G21116119

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

            QVT Fund LP

            98-0415217

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  x

   
  3.  

SEC Use Only

 

   
  4.  

Citizenship or Place of Organization

 

            Cayman Islands

   

 

Number of  

Shares  

Beneficially  

Owned by  

Each  

Reporting  

Person  

With:  

 

 

  5.    Sole Voting Power

 

            0

 

  6.    Shared Voting Power

 

            391,326

 

  7.    Sole Dispositive Power

 

            0

 

  8.    Shared Dispositive Power

 

            391,326

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            391,326

   
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

 

 

 

¨

11.  

Percent of Class Represented by Amount in Row (9)

 

            6.4%

   
12.  

Type of Reporting Person (See Instructions)

 

            PN

   

 

Page 4 of 9


CUSIP No. G21116119

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

            QVT Associates GP LLC

            01-0798253

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨

(b)  x

   
  3.  

SEC Use Only

 

   
  4.  

Citizenship or Place of Organization

 

            Delaware

   

 

Number of  

Shares  

Beneficially  

Owned by  

Each  

Reporting  

Person  

With:  

 

 

  5.    Sole Voting Power

 

            0

 

  6.    Shared Voting Power

 

            434,421

 

  7.    Sole Dispositive Power

 

            0

 

  8.    Shared Dispositive Power

 

            434,421

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            434,421

   
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

 

 

 

¨

11.  

Percent of Class Represented by Amount in Row (9)

 

            7.1%

   
12.  

Type of Reporting Person (See Instructions)

 

            OO

   

 

Page 5 of 9


Item 1

 

(a).

   Name of Issuer:
     Chinagrowth North Acquisition Corp. (the “Issuer”)

Item 1

 

(b).

   Address of Issuer’s Principal Executive Offices
     The address of the Issuer’s principal executive offices is:
     1818 Canggong Road, Fengxian, Shanghai Chemical Industry Park, Shanghai, China 201417

Item 2

 

(a).

   Name of Person Filing

Item 2

 

(b).

   Address of Principal Business Office or, if none, Residence

Item 2

 

(c).

   Citizenship
        QVT Financial LP
        1177 Avenue of the Americas, 9th Floor
        New York, New York 10036
        Delaware Limited Partnership
        QVT Financial GP LLC
        1177 Avenue of the Americas, 9th Floor
        New York, New York 10036
        Delaware Limited Liability Company
        QVT Fund LP
        Walkers SPV, Walkers House
        Mary Street
        George Town, Grand Cayman, KY1 9001 Cayman Islands
        Cayman Islands Limited Partnership
        QVT Associates GP LLC
        1177 Avenue of the Americas, 9th Floor
        New York, New York 10036
        Delaware Limited Liability Company

Item 2

  (d).    Title of Class of Securities
     Ordinary shares, $0.001 par value per share (the “Ordinary Shares”).

Item 2

  (e).    CUSIP Number
     The CUSIP number of the Ordinary Shares is G21116119.

Item 3.

  If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
  (a)    ¨    Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
  (b)    ¨    Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
  (c)    ¨    Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
  (d)    ¨    Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
  (e)    ¨    An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
  (f)    ¨    An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
  (g)    ¨    A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
  (h)    ¨    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i)    ¨    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j)    ¨    Group, in accordance with § 240.13d-1(b)(1)(ii)(J).

 

Page 6 of 9


Item 4.   Ownership.
  (a)    Amount beneficially owned:
     QVT Financial LP (“QVT Financial”) is the investment manager for QVT Fund LP (the “Fund”), which beneficially owns 391,326 Ordinary Shares, and for Quintessence Fund L.P. (“Quintessence”), which beneficially owns 43,095 Ordinary Shares. QVT Financial is also the investment manager for a separate discretionary account managed for Deutsche Bank AG (the “Separate Account”), which holds 53,744 Ordinary Shares. QVT Financial has the power to direct the vote and disposition of the Ordinary Shares held by the Fund, Quintessence and the Separate Account. Accordingly, QVT Financial may be deemed to be the beneficial owner of an aggregate amount of 488,165 Ordinary Shares, consisting of the shares owned by the Fund and Quintessence and the shares held in the Separate Account.
     QVT Financial GP LLC, as General Partner of QVT Financial, may be deemed to beneficially own the same number of Ordinary Shares reported by QVT Financial. QVT Associates GP LLC, as General Partner of the Fund and Quintessence, may be deemed to beneficially own the aggregate number of Ordinary Shares owned by the Fund and Quintessence, and accordingly, QVT Associates GP LLC may be deemed to be the beneficial owner of an aggregate amount of 434,421 Ordinary Shares.
     Each of QVT Financial and QVT Financial GP LLC disclaims beneficial ownership of the Ordinary Shares owned by the Fund and Quintessence and held in the Separate Account. QVT Associates GP LLC disclaims beneficial ownership of all Ordinary Shares owned by the Fund and Quintessence, except to the extent of its pecuniary interest therein.
     The percentage disclosed in Item 11 of the Cover Pages for each reporting person is calculated based upon 6,115,000 Ordinary Shares outstanding, which is the total number of shares issued and outstanding as reported in the Issuer’s Report on Form 6-K filed with the Securities and Exchange Commission on August 14, 2007.
  (b)    Percent of class:
     See Item 11 of the Cover Pages to this Schedule 13G.
    
  (c)    Number of shares as to which the person has:
     (i)    Sole power to vote or to direct the vote
        0
     (ii)    Shared power to vote or to direct the vote
        See item (a) above.
     (iii)    Sole power to dispose or to direct the disposition of
        0
     (iv)    Shared power to dispose or to direct the disposition of
        See item (a) above.
Item 5.   Ownership of Five Percent or Less of a Class
  If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following…..¨.
Item 6.   Ownership of More than Five Percent on Behalf of Another Person.
  Not Applicable
Item 7.   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
  Not Applicable
Item 8.   Identification and Classification of Members of the Group
  Not Applicable
Item 9.   Notice of Dissolution of Group
  Not Applicable
Item 10.   Certification
  By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

Page 7 of 9


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: January 30, 2008

 

QVT FINANCIAL LP     QVT FUND LP
By QVT Financial GP LLC,     By QVT Associates GP LLC,
its General Partner     its General Partner
By:  

/s/ Oren Eisner

    By:  

/s/ Oren Eisner

Name:   Oren Eisner     Name:   Oren Eisner
Title:   Authorized Signatory     Title:   Authorized Signatory
QVT FINANCIAL GP LLC     QVT ASSOCIATES GP LLC
By:  

/s/ Oren Eisner

    By:  

/s/ Oren Eisner

Name:   Oren Eisner     Name:   Oren Eisner
Title:   Authorized Signatory     Title:   Authorized Signatory

 

Page 8 of 9


EXHIBIT A

JOINT FILING AGREEMENT

The undersigned hereby agree that the statement on Schedule 13G signed by each of the undersigned shall be filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.

Dated: January 30, 2008

 

QVT FINANCIAL LP     QVT FUND LP
By QVT Financial GP LLC,     By QVT Associates GP LLC,
its General Partner     its General Partner
By:  

/s/ Oren Eisner

    By:  

/s/ Oren Eisner

Name:   Oren Eisner     Name:   Oren Eisner
Title:   Authorized Signatory     Title:   Authorized Signatory
QVT FINANCIAL GP LLC     QVT ASSOCIATES GP LLC
By:  

/s/ Oren Eisner

    By:  

/s/ Oren Eisner

Name:   Oren Eisner     Name:   Oren Eisner
Title:   Authorized Signatory     Title:   Authorized Signatory

 

Page 9 of 9

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